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tv   Andrea Mitchell Reports  MSNBC  October 23, 2009 1:00pm-2:00pm EDT

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the young people of this country that i've met all across america, they understand that this is the challenge of their generations. leaders in the business community are standing with leaders in the environmental community to protect the economy and the planet we leave for our children. the house of representatives has already passed historic legislation due in large part of the efforts of massachusetts's own ed marquee, who deserves a big round of applause. we're now seeing prominent republicans like senator lindsey graham joining forces with long-time leaders like john kerry on this issue to swiftly pass a bill through the senate, as well. in fact, the energy committee, thanks to the work of its chair has already passed key provisions of comprehensive
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legislation. so, we are seeing a convergence. the naysayers, the folks who would pretend that this is not an issue, they are being marginalized. but i think it's important to understand that the closer we get, the harder the opposition will fight and the more we'll hear. from those whose interests or ideology run counter to the much-needed action that we're engaged in. there are those that will suggest that moving toward clean energy will destroy our economy. when it's the system that we currently have that endangers our prosperity and prevents us from creating millions of new jobs. those who cynically claim, make cynical claims that contradict the overwhelming evidence when it comes to counterchange. claims that's only purpose is to defeat or delay the change that is necessary. so, we are going to have to work
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on those folks. but understand there's also another myth that we have to dispel and this is somewhat dangerous because we are complicit. far more dangerous than any attack by those who wish to stand in the way of progress and that's the idea that there is nothing or little that we can do. it's pessimism. it's the pessimistic notion that our politics are too broken and our people too unwilling to make hard choices for us to actually deal with this energy issue that we're facing. and implicitless argument is the sense that somehow we lost something important. that fighting american spirit and that willingness to tackle hard challenges that determination to see those challenges to the end that we can solve problems, that we can act collectively that somehow that is something of the past. i reject that argument. i reject it because of what i
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have seen at mit and what i have seen across america because we know what we're capable of achieving when called upon to achieve it. this is the nation that harvest electricity and developed the steam boat and the modern solar cell. this is the nation that pushed westward and looked skyward. we always sought out new frontiers and this generation is no different. today's frontiers can't be found on a map. they're being explored in our classrooms and our laboratories and our start ups and our factories. and today's pioneers are not traveling to some far flung place, these pioneers are all around us. the entrepreneurs and the inventors and the researchers and the engineers helping to lead us into the future, just as they have in the past. this is the nation that has led the world for two centuries in the pursuit of discovery. this is the nation that will be the clean energy economy of tomorrow. so long as all of us remember
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what we have achieved in the past and we use that to inspire us to achieve even more in the future. i am confident that is what is happening right here at this extraordinary institution and if you will join us in what is sure to be a difficult fight in the months and years ahead, i'm confident that all of america is going to be pulling in one direction to make sure that we are the energy leader that we need to be. thank you very much, everybody. god bless you. god bless the united states of america. >> and good day, i'm andrea mitchell in washington. president obama just completing his clean energy pitch at mit and now he's headed out for not one, but two fund-raisers with massachusetts governor duval patrick. nbc john yang is traveling with the president today. john, thanks so much for joining us. let's talk first about the energy speech. the president making his clean energy pitch, but this after a good deal of criticism from activists in the movement who say that his speech at the united nations did not go nearly far enough and that he has not
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put any force behind the energy legislation on the hill because he has been so focused on health care and all the other economic challenges and the challenges with dealing with afghanistan. >> that's right, andrea. actually, some protesters here on his drive from mit to the airport and complaining not only about energy but also global warmings that the arguing that the president is not doing enough. this is, the president, you know, came into office with a lot on his plate and some advisors did acknowledge early on that he felt that one thing was going to have to go. perhaps the energy effort, the push on effort and climate change rather than health care. but the president pushing this, challenging the united states to try to gain global leadership on this issue. it also interestingly enough pushing it as part of his recovery program. talking about the stimulus bill. talking about some of the program's, the energy related
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programs in the stimulus bill. that becoming a concern, political concern for the administration, even though the numbers may be turning around the economy. people not necessarily feeling it with the employment numbers lagging behind, andrea. >> of course, that becomes the essential problem, the political problem for people like duval patrick. the governor, he says he's not focused on the 2010 race, but he's already hired some of the obama campaign team. >> that's right. dav dav david bluf also being hired to run the governor duval patrick's re-election campaign for 2010. david on air force one today and part of the presidential party as a guest of president obama. he's about to head out on a book tour, so the president wanted to have some time with him. governor patrick is in sort of a difficult position. there was a poll out last month from suffolk university and our
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nbc affiliate here in boston. 56% of those polled said somebody other than duval patrick deserve to be re-elected. only 29% said patrick deserved to be re-elected, andrea. >> of course, that is an early warning sign. next tuesday's election day at least in new jersey and in virginia, those are supposed to be, the white house is indicating they're running away as quickly as they can from creed deeds, the democrat in virginia, because they say he didn't take white house advice. we'll have full coverage on all of that on monday and tuesday, election day here on msnbc. john yng, great to see you, thank you so much. tlnchl there is plenty of reaction to ken, vice president joe biden chief economist gerald bernstein. thank you for joining us. >> my pleasure. >> let's talk today. ben bernanke, the fed chairman,
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talked about compensation, as well. they joined what, trying to expand, actually, on what ken feinberg has done yesterday in terms of the t.a.r.p. companies, those seven companies. they are going beyond. they want to take a look at pay and compensation and monitor it at all banks well beyond those that took federal money. let's take a look at what the fed chairman had to say. >> compensation, not only at the top, but throughout the banking organization should appropriately link pay to performance and provide sound incentives. in particular, compensation plans that encourage even inadvertently excessive risk taking can pose a threat to safety and soundness. >> let's talk about the whole pay compensation issue because critics are already saying, first of all, that the feds shouldn't be stepping into this. another expansion of the fed's role, if not the fed, what is
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your position on it? >> let me begin by reminding everyone that both ken feinberg and the federal reserve are independent actors in this case. that's important. because we're not sitting up here dictating to them what they ought to do. i think -- but i do think what they're tapping into. >> they're heavily influenced. certainly not the fed, but feinberg as one of your appointees is heavily influenced by your policy and your policy has a lot to say about it. >> totally agree with that. by the way, ken feinberg is heavily influenced by legislation in the t.a.r.p. that assigns him to do precisely what he's doing. but i think, andrea, the theme that ties these efforts together, it's also a theme you could see in financial reg reform is that because of the excessive list taking and the speculation and the regulators that were asleep at the switch, executive compensation became totally disconnected from
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performance. and so, instead of pay for performance, you have short-term risk taking that got us into this mess that we're in right now. so, the taxpayer comes in and to the tune of well over $200 billion helps to get these seven firms back from the brink, really, back from near death experiences and, now, i think david axelrod who said some of these compensation payments really seem offensive and excessive. the american taxpayer, until they are paid back, ken feinberg, i think, has every right to do precisely what he's doing. >> fair enough. feinberg is speaking right now right here at george washington university law school. let's listen to a little bit of that what he's saying and a speech that is still in progress. >> in the next 60 days, i must accomplish the next objective.
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designing compensation structures for these seven companies for corporate officials numbers 26 through 100. >> now, that's a lot to be done, but let's, let's lay out what the criticism is. part of the criticism is that this is only symbolic because it's only those seven firms and that's not the whole problem. the criticism from the other end that this is micromanaging and that these firms won't get up and pay back the taxpayer the way we all want them to because we're limiting compensation and the smart, more ambishing people will go across the street and that will be a further brain drain. do you want to address both of those problems? >> sure. i think what you just noted, andrea, is precisely what ken feinberg is trying to balance. now, on the one hand, you really are just talking about the seven firms and initially the top 25
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executives, although you heard the next 75 lined up to come. but it is just those firms that have taken particularly large t.a.r.p. funds. on the other hand, let's not forget about our financial regulation agenda, which is, as we speak, moving through congress. barney frank over at the house has been making some real progress here. as part of that, something that this president has always supported has been a save on pay. shareholders on how to save. doesn't have to be binding to be effecti effective. how about a much more independence between the board that sets executive compensation and the goal that runs the company. another structural change that will be very helpful moving forward. >> and perhaps it could be some consumer education that anybody
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who owns stock and most of us o through mutual funds or whatever, we are shareholders and we should not ignore the proxy statements. but that's down the road. jared bernstein, thank you very much. up next, my exclusive interview with nancy pelosi, the speaker of the house. a lot of talk today about the public option and whether the speaker has the votes to pass it. we'll talk to her about that. plus, dick cheney and the strategy in afghanistan. you're watching "andrea mitchell reports." (announcer) it's what doctors recommend most for headaches.
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today nancy pelosi is pushing back against reports that she won't get votes for a public option. i sat down with the speaker yesterday for an exclusive
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interview and we discussed a range of topics including health care, basketball on the white house court and afghanistan. madam speaker, thank you for joining us. you just came for the white house and just had lunch with the president, do you think he is going on this troop deployment issue in afghanistan? >> i think the president is deliberating very seriously about it, as you would expect him to do. and receiving information in a very intense way and i pray for him and the important decision that he has to make. >> well, the former vice president, dick cheney, said that he is dithering. that barack obama is dithering in making this decision on afghanistan. what's your response to that? >> i think that says more about vice president cheney than i can say in response to his statement. certainly, you would expect that he might understand the weight of the decision the president has that he needs full
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information to make the decision and that our country has really not been happy about moving precipitously into action, as they think the bush administration did. >> do you think it's appropriate for the former vice president to accuse the president of the united states to dithering when it comes to the safety of our troops? >> so many things that are inappropriate about the bush/cheney administration and their aftermath that i don't think the public receives this message very well. the fact is that the american people very overwhelmingly approve of the president deliberating on this issue because they know its consequences are very serious. because the american people support the president's serious approach, i think the vice president decided he would be descenting few. >> you said after previous visit and conversation with the president on this subject that you would wait to see what the
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president decided and then decide if you would be able to support. are you going to be able to support his choice if he ends up going along with general mcchrystal and deciding on as many as 40,000 more troops. do you feel comfortable with that? >> the comfort level of any additi additional response is what the mission is and what do the troops need. i support training the afghan troops. but, you'll see what the president has to say. >> do you think it's clear to yourself or the american people what the mission is in that if we were to put in 40,000 troops, hypothetically, would that solve the problem? how long would we be there. would we achieve the results of being able to not only train the afghan forces, but achieve enough to hold, not just have the taliban come right back in
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after we leave? >> well, with the president in our country finds itself in the situation where after 9/11, we went in with unanimous support of the american people, just about unanimous and we sort of hit and ran. and while we routed the taliban, we did not defeat them. and they had been steadily in coming back as well as some of the al qaeda. so, what is the mission is always the national security of the united states of america. how that is translated on the ground there is what we will hear from the president, but on all my trips to afghanistan, the military has told me that this just cannot be solved militarily. most conflicts can't. so, you have to look at the governance issues in ridding the country of the massive systemic corruption that is there so that the construction can take place in a way that the afghan people have a connection to the
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government and the change that the military peace is in place appropriately in conjunction with the civilian peace and that the diplomatic peace, the involvement of countries in the region, but pakistan and including all of the countries that border the area and iran and india, et cetera, understand that we all have a stake in the stability in afghanistan and we have our parts to play. >> in talking about the government being strong enough to be a real partner, back in 2008 you were praising harmid karzai, a lot of people were, what's happened? >> it is, it's really interesting to see the resistance that president karzai had to the calls that we were making to him while being supportive publicly but saying something has to be done about the corruption.
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it was almost as if he was in denial, if he were in denial. so, now, i think he's facing the fact that if we're going to be partners, we have to have a legitimate partner there. of course, the president has the results of the election to see, as well, which will happen the second week in november and then we'll see who the president is of afghanistan. but if you assume for a moment that it is karzai, there has to really be change. >> on health care, the other big issue that you face, medicare for everyone is now sort of catch phrase. do you think that you can sell this? you said to the caucus the other night, you think you have 200 votes or more. you need 218. are you going to be able to cross the finish line with a strong robust public option whether you call it medicare for everyone or something else. >> well, everyone has their little catch phrases. public option does not rein as the great choice of words. but it does have an appeal with the american people.
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and that's why over 60% of them support having a true competitor to the insurance industry. they know full well that there needs to be something that keeps the insurance companies honest and to have true competition, whatever you call it. >> are you going to end up calling it medicare? medicare for everyone? >> no, i don't think so. we'll have the strong, obviously, a strong component for medicare and strengthen medicare and sustain it for years longer and we start to close the doughnut hole for seniors that is part of medicare. so, medicare is an important part of the legislation, but it isn't a question of what it is named. it is a question of what the bill will do. >> it will have a public option. >> it will have a public option. i've always had the votes for the public option, just a question of what form it will take and the form is largely related to the fiscal realities of the legislation and what it means to the budget. we must pay for the bill, of course, but we also must reduce cost and not add one dime to the
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deficit. >> would it be something, could it be something acceptable to you that would have an opt out or something else that would make it more in line with what the senator will produce. you're asking a lot of democrats to walk the plank on a house vote that may never see the light of day. that is a big, gut wrenching vote for them. >> i understand that full well. but they, no, you have been around congress, so you know that you don't want members to take any undernecessary political risk, but this is what they believe in. it is, it is -- any option is a good one. you know, so, it's not a question of one being superior to the other, it's just which one saves the most money? which one is the most fiscally sound? which one will work best? so, we have to weigh these and as you're so right, again, with having covered congress, you know that to the extent that we can resolve as many of our differences earlier on with the
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senate that would indicate more success at the end of the road. we will have a public option. it will be very effective. it will reduce costs and it will improve poverty and it will meet our three standards which are affordability for the middle class, security for the seniors and responsibility to our children. but not only not making them healthier but not adding one dime to the deficit. >> do you thinks as some democrats do that too much has been compromised to get the vote of one republican woman from maine on the senate side. i mean, are democrats having to compromise their principals in this just to bring along olympia sno snowe? >> olympia snowe jused to serve in the house and we all admired her while she was here and now has moved to the senate, but every member of congress is here to make the fight for what they
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believe in and what works best for their state and they use the opportunities that they have available to them. >> and in an interview just today with bloomberg news and olympia snowe rejected the public option. we'll have more details on that to come. still ahead, what is really going on behind the scenes in the public option debate. our kelly oo'donnell joining us live from capitol hill next. fancy feast introduces an entirely new way to celebrate any moment. fancy feast appetizzrs. simple high qualiiy ingredients like wild alaskan salmon, white meat chicken, or seabass and shrimp in a delicate broth, prepared without by-products or fillers. new fancy feast appetizers celebrate the moment.
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so do where do we stand on the public option and the rest of the health legislation? kelly o'donnell joining us from capitol hill. kel, can you sort through all of this, please, help. where do you think it is today? >> it is really interesting, an dria, you got some of it out in your interview with the speaker because she gave you a view into the process. she calls it the end game. not a philosophical difference among democrats for a need of a public option, they want one.
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the disagreement continues to be how to pay for it. about four different proposals they are considering which will have different mechanisms for how this will all be structured. she thinks they can get there. of course, it's very important at this stage to not publicly close any doors. and ginny of south carolina was funny today he asked what that process was like. he said, oh, you want me to talk about my anxieties in public. it's been tough. as you know, every member of the house is up for re-election and everyone will be judged by this vote. can they get to the margin of above 218? they remain hopeful that they can, but they are not saying for certain where they are right now because of the disagreements on the various plans. interesting note today, though, because harry reid on the senate side has given some indication that he's open to some form of a public option, again, different than what we began talking about
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months ago that that gives nancy pelosi a chance to perhaps move from the farthest liberal position a bit more to the middle and as she said to you, that might make it easier in the end when the two sides, house and senate, would have to bring their bills together. and the senate folks acknowledge that that is helpful to them. so, we are looking at the process. this is how they make the sausage of legislation and for us, we know our viewers love politics, this stuff is really interesting. >> you know, they both were at the white house yesterday. reid a quick unexpected meeting and the lunch with the speaker and i think they got their signals pretty much from the president on what he's willing to tolerate and where he's willing to go and bill burton the deputy press secretary was asked about it going up on air force one and where the president now stands on the public option and he says and i quote, the president didn't send his number two spokesperson back to roll out a new position on the public option today. the president thinks the public option is the best way to bring choice in competition.
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bill burton has a great sense of humor on it. after all the ups and downs on this thing. they're doing counts at night and be these reports in the morning saying they didn't have the votes, they won't have the votes until they go to the floor. >> we know these leaders both on the house and senate side need the president when it all comes together. they will need president obama to back whatever plan they come up with and they needed him to weigh in and that hastily called meeting late yesterday was a chance to lay out where they are and to get some feedback from him and we'll see where it goes from there. >> kelly o'donnell, thank you very much. part two of our exclusive interview with nancy pelosi. part of our week-long women's nation report.d to kee their bodies strong. carnation instant breakfast essentials supplies all the nutrients of a complete breakfast to help build strong muscles and healthy bones.
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hey thanks for the window seat. oh please. you got the presentation? oh yeah right here. let me stow that for you, sir. thank you. you know, just to be safe i used fedex office print online. oh you did? yeah -- they printed and bound 20 copies of the presentation, shipped it to portland, they're gonna be there waiting for us. that's a good idea. yeah. you have a nice flight. thank you. (announcer) print online...you upload your document -- we'll take care of the rest. we wrap up our week-long
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coverage with more of our exclusive interview with house speaker nancy pelosi. the first woman to become speaker of the house. let me ask you about your role as a woman because you are the first woman speaker. when you first came to the congress, there were 20, perhaps, house members. >> 20 dozen. >> now more than 70 are women. >> but, still, we want more. there's no question. well, and the fact is that we have a woman speaker makes it less of a boy's club. let's put it that way. we wouldn't have a woman speaker if we didn't have that increased number of women in the house. the last thing i could ask anybody to do to vote for me for speaker because i'm a woman, that would have not worked very well. >> trace the ark of your career. your father was the mayor of baltimore and then your brother were mayor of baltimore. politics are in your dna. >> couldn't avoid it. >> wouldn't want to.
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>> no. >> would you have wanted to avoid it? >> i mostly did when i was growing up, of course. my father -- when i was born my father was in congress. when i was in first grade he was elected pl eed mayor of baltimo when i was in college he was still the mayor of baltimore. that was the life we led. i was looking for a more normal existence and got married and my husband is a native san franciscan and we moved to california and i was a mom and just some days i didn't wash my face with five children in six years, but then as i started to volunteer in community work i saw that political solutions could be helpful and one thing led to another and here i am. >> how does it make you feel when my colleague, savannah guthrie, asked the president yesterday about the fact that he invited the house basketball team all male and cabinet members not including the women
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cabinet members. two of whom have had basketball experience at both high school and college ball, kathleen sebelius and he said, well, that's bunk. i invited the house basketball team and they played ball up there and would you have gone? >> well, first of all, let me say, i had more important things i would have rather addressed than playing basketball at any given time. >> it is symbolic and it does perpetuate this sort of -- it's time with the president. good quality face time with the president and perpetuates the all-boys club. >> i have been in congress 22 years and if you gave me $1 billion, i could not tell you where the house gym is. the house gym, i just could not tell you. >> a billion dollars. women can go into the house gym now. >> they do, because they want to. they go in and this or that and there is a great deal of male bonding that goes on in the gym,
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but i haven't had time for it, it hasn't been my priority. sports are not my priority and what i would rather have is the president signing the bill to help end discrimination in the workplace that is the first bill the president signed. i would rather focus on that and the second bill s-chip, 11 million children in america having access to quality health care, expansion of children's health. those are the kind of issues i want him to address. you'd have to ask those who wanted to be there how they feel. as far as i'm concerned, the president is there for us on the issues that matter. >> fair enough, to that point, don't ask, don't tell. >> right. >> same-sex couples. large part of your constituency back in san francisco, but around the country military families are asking this question, as well. it's a very tough issue. the pentagon, not so much in favor of it. he made a campaign promise and he hasn't delivered on it.
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is he taking time to deliver on don't ask, don't tell? >> from my standpoint, you mentioned my district and i think the approach that has taken to state let's take a look at this and say how we can change it is the appropriate thing. but the president is either being described as taking too much or not doing everything at once. i think that he has a good priority list as he has been going forward. pretty soon he'll sign the defense authorization bill which will have the hate crimes legislation in it that we have passed in congress that the senate is scheduled to take up this week. and that's a bill that is all inclusive. hate crimes against anyone in our society, very important to the guy, lesbian, transgender, bisexual community if i have it in the right order. and the, and in our house, we're easily passed the end of ending
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discrimination in the workplace. you would think you wouldn't need that any more and other legislation. but i think that the president made his commitment recently to a large audience of interested parties here and they know where is heart is on this issue. >> as the first woman speaker, things happen like the republican congressional campaign committee issuing a statement saying that general mcchrystal would put you in your place. how does that happen? >> it's so old. it's so tired, it's so ridiculous. poor babies. >> but some of the criticism that comes your way as a woman and other women in politics have experienced this. i can't recall anyone writing about tip o'neill or newt gingrich's hair or makeup or clothes. how is it hurtful? >> it doesn't bother me. i'm here to do a job. i'm here to pass a legislative
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agenda, to maintain a democratic majority which i think is good for the country and to do it through the needs of our children. what is important to them and to the future. and, so, i really can't be bothered. i know people say to me, i'm sorry, does that hurt your feelings? i hate to break the news, but i'm practically oblivious to what i say. what that i know about is really my problem, not mine. >> when you came out with senator reid and he put his arm on you, not a full george w. bush and angle merkel moment, but you seemed to be visibly edging away from him and he said i'm sure whatever the president said on afghanistan we'll all support and you said we'll see what he comes out with. the men sometimes take a lot for
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granted, don't they? >> in other words, we don't want people to make distinction between men and women. we're here, we're here to do the job and senator reid would probably put his hand on the shoulder of one of the male colleagues and putting his hand on my shoulder to say we respect what the president had to say and not too much to be made of it. but i do think when i'm finish would health care and the rest because it was a point of some of the barbs that are through my ways to get me to turn away from what i am doing to respond and i just leave that behind and stay on my path. when i'm finished with some of the major issues, i think this statement put her in her place is something that doesn't offend me. i am speaker of the house. but what that means to women is really quite offensive. i may address that issue at a later time and i'm so pleased that the shriver report is coming out now to talk about new -- >> you've been talking about how
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women pay more for health care, get less from it, don't have the coverage women and children end up being less covered than they need to be. what are your major goals and what disparities do you see on health care? >> in terms of women and health? women have so much to gain from this health care reform. do you know that women pay much more for health care, just mentioned for health insurance than men do. businesses that hire women largely, whether they're health care facilities or whatever it is, pay more in insurance because they have women employees. did you know that having a child or especially by c-section domestic abuse. they are all considered by the insurance companies. pre-existing medical conditions, which you can be discriminated against and not getting insurance or getting insurance in a much higher rate. the list goes on and on. so many illnesses that are predominantly affecting women
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are deemed pre-existing medical conditions and, again, keeping women away from the coverage they need. so, this is really a tremendous opportunity for women if you're of child bearing age, it makes a tremendous difference. if you're a senior woman, as i am, and women on medicare and the rest, it makes a tremendous difference because it strengthens medicare and closes the doughnut hole and also has many other women-specific benefits in the legislation. long overdue and we're very excited about that. >> speaker pelosi, you've been making those points long before the shriver report and we are thanking you so much for being part of our coverage. >> the shriver report points out pay and discrepancies and the rest, sometimes people don't know that the speaker of the house is the highest paid person on capitol hill and they're very excited to know that a woman holds that position.
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so, in any event, i salute the shriver report and i salute the attention that is being paid to it and meeting the needs of women at home and in theworkplace because it's not just good for familychise would be justification enough, it is about our society. it is about our economy and the contributions that women make. >> thank you so much. >> my pleasure, thank you. >> thanks for joining us. and up next, wall street warning that the obama administration's new rules on executive pay could force top talent to leave these troubled banks. the real scoop coming up next on "andrea mitchell reports." people think that honda is always the most fuel efficient choice. well, this chevy cobalt xfe has better highway mileage than a comparable honda civic. the all-new chevy equinox has better mileage than honda cr-v. and chevy malibu has better mileage than accord. however, honda does make
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now that those seven companies at a took the bailout
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money have some tough pay restrictions ahead, will executives start looking for work elsewhere? cnbc's ron insana joins us now. thanks for joining us. >> always a pleasure, andrea. >> let's talk about this. there are some executives complaining will be a brain drain. scott silvestre from bank of
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america, people want to work here but want to be paid fairly, that their rivals are identifying top performers at bank of america and using pay concerns to recruit them away for fair market compensation. fair market is in the eye of beho beholder. what do you think the administration and impact of the administration's decisions are? >> andrea, i have mixed feelings about this. clearly, i have always felt that pwe have right now, the reason we had systemic financial risk last year was that investment banks and trading shops were combined with commercial banks and they put depositor money at risk. i think any firm could take as much risk and lever their capital base as much as they want, as long as we know about and as long as it doesn't put the financial system at risk. if they are good at it and make a lot of money, they should make eeeeeeeeeeeeeeee
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and what political story will be dominating headlines the next 24 hours? jonathan martin is senior political reporter for politico. what's on your mind today? >> i think we are going to see a lot of chatter about this special election. in upstate new york has not gotten any where the attention of new jersey or virginia governor's races so far, but with sarah palin weighing in last night, coming out not for the republican nominee but for the conservative third party candidate, i think we are going to see a lot of buzz along the
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lines of a fight for the heart and soul of the party. the establishment of the party here in washington, supporting the republican nominee, of course, a very moderate woman, upstate new york has a very conservative key, strong support, not just palin, andrea, but the t.e.a. party crowd as well. >> it is so interesting that palin would join in this way, she did it in her typical fashion, trademark fashion, on facebook. jonathan martin, thanks so much. >> thank you, andrea swroochlt we look forward to talking to you next week, i hope. looking forward to the elections. i'm andrea mitchell in washington. up next, it is the "new york times" hour with john harwood. stay here on msnbc, the place for politics. that is a ton of pepperoni.
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